Green Endeavors Inc. (fka GRNE)

[benosufan]

GRNE converted about $661,000 in old debts into about 189,000 preferred B series shares....each series B preferred converts into $5.00 worth of common shares.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9897048

This equates to about $3.50/preferred B series share.

If the stock was trading at .01 the conversion would be 500 commons per preferred series B share ($5.00/B share) giving the converter about a 30% profit if they were able to sell those commons at .01.

Obviously as the pps drops it requires more commons to convert the preferred series B shares which just equals more dilution. At .006/common share 1 preferred series B would convert to 833 shares...if all 189,000 B shares were converted at .006 it would require the release of 157,437,000.....

So everyone can do the math as the pps drops....the dilution will rise. Of course we can't be sure they will convert those B shares but based on the history here I would guess they will. The company always has the option to pay off those conversions with cash instead of shares.

During the nine month period ended September 30, 2013, the Board of Directors approved the conversion of 31,187 shares of Convertible Series B Preferred Stock in to 27,122,051 shares of Common Stock of the Company. The shares were converted at prices ranging from $0.00362 to $0.01386 per share based on the conversion provisions for the Series B Preferred Stock designation.